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Engineered Stone Global Market Worth $34.36 Billion at a CAGR of 8.8% By 2027 | Key Players: LG Hausys, Technistone A.S., Caesarstone Ltd., Belenco, Quarella Group Ltd.
Engineered Stone Market
The Business Research Company's Engineered Stone Global Market Report 2023 identifies the high growth in the construction industry is expected to propel the growth of the engineered stone market. Engineered stones are widely used in the construction of residential projects for kitchen countertops, floors, façade tiles, and other architectural applications.
The global engineered stone market size will grow from $22.48 billion in 2022 to $24.52 billion in 2023 at a compound annual growth rate (CAGR) of 9.1%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of global engineered stone market is expected to grow to $34.36 billion in 2027 at a CAGR of 8.8%.
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Major players in the engineered stone market are LG Hausys, Johnson Marble & Quartz, Technistone A.S., Caesarstone Ltd., Belenco, Quarella Group Ltd., Quartzforms, Stone Italiana S.p.A, VICOSTONE, Diresco, Viatera, Santa Margherita Spa, Silestone, Tchnistone, and Topzstone.
The key players in the engineered stone market are focusing on the manufacturing and development of engineered stone from recycled materials to meet their efforts towards sustainability and a low-carbon future.
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The Engineered Stone market is segmented -
1) By Type: Tiles and Blocks, Slabs
2) By Process: Cold Curing, Hot Curing
3) By Application: Kitchen Countertops, Bathroom Countertops, Flooring, Facades, Walls
By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. Asia-Pacific was the largest region in the Engineered Stone market.
The Business Research Company's "Global Engineered Stone Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The Engineered Stone Market Include:
1. Executive Summary
2. Engineered Stone Market Characteristics
3. Engineered Stone Market Trends And Strategies
4. Engineered Stone Market - Macro Economic Scenario
5. Engineered Stone Market Size And Growth
……
27. Engineered Stone Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Engineered Stone Market
29. Engineered Stone Market Future Outlook and Potential Analysis
30. Appendix
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